Oil Prices Rise on Jumbo Fed Rate Cut
The U.S. crude oil benchmark, West Texas Intermediate (WTI), was trading down nearly a percentage point, with Brent crude not far behind just minutes before the Fed rate cut announcement on Wednesday. Oil prices began responding to the rate cut immediately, with downward trending prices flattening out just minutes after the rate cut announcement.
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Crude Prices Slip on Chinese Fuel Demand ConcernsWTI crude oil (CLV24) today is down -0.44 (-0.62%), and Oct RBOB gasoline (RBV24) is down -0.38 (-0.19%). Crude oil and ...
Oil fell on Wednesday after two sessions of gains after an industry report showed increasing U.S. crude and fuel ...
ONGC has been facing pressure since Brent crude prices dropped below $75 per barrel mark earlier this month following the ...
Average gasoline prices in Burlington have fallen 8.0 cents per gallon in the last week, averaging $3.30/g today, according ...
Despite favorable long-term trends, oil remains volatile and cyclical, currently facing demand headwinds and a pricing war.
Brent crude oil prices could be bolstered in the near-term by demand possibly outstripping supply in the fourth quarter, ...
Rising U.S. crude inventories push oil futures lower, with API reporting a 1.96M barrel build. Bearish sentiment grows as ...
Futures linked to Canada's main stock index fell on Monday as crude prices slipped, while investors exercised caution ahead ...
Oil prices are set to break a three-week losing streak due to Hurricane Francine's impact on U.S. production, despite the IEA's downward revision of oil demand growth.
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